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New World Development Co Ltd (0017.HK)

0017.HK on Hong Kong Stock

8.62HKD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

New World Development says unit and Fortunate House Ltd entered into conditional agreement
Wednesday, 5 Oct 2016 05:59am EDT 

New World Development Co Ltd <0017.HK> : Vendor,Catchy investments, agreed to sell and assign, sale share and sale loan . Deal at consideration of HK$285 million .Unit and fortunate house limited entered into a conditional agreement.  Full Article

New World Development and Chow Tai Fook to form JV to buy, develop land in Shenzhen<0017.HK>
Thursday, 18 Aug 2016 04:35am EDT 

New World Development Co Ltd <0017.HK>: Connected transaction - formation of joint venture for acquisition and development of land in Qianhai, Shenzhen <0017.HK> . Company and CTFE entered into the heads of agreement relating to the joint venture for the project. . Company and CTFE were awarded a tender by Qianhai authority to acquire the land use rights of the land . Deal for at a consideration of RMB4.21 billion for the development of the project. . Project involves development of financial and commercial complex on land; land is planned for commercial use and will be granted for term of 40 yrs . "CTFE" Chow Tai Fook Enterprises .  Full Article

New World Development to withdraw listing of the NWCL shares from stock exchange<0017.HK><0917.HK>
Friday, 8 Jul 2016 04:20am EDT 

New World Development Co Ltd <0017.HK>: Application has been made to the stock exchange for the withdrawal of listing of the nwcl shares from the stock exchange . Stock exchange approved the application for withdrawal of listing of nwcl shares from stock exchange with effect from 4 August .  Full Article

New World Development updates on sale and purchase agreement<0017.HK><0659.HK>
Monday, 20 Jun 2016 10:46am EDT 

New World Development Co Ltd <0017.HK>: Gain arising from the disposal will be approximately HK$0.85 billion in the financial year ending 30 June 2016 . Units entered into the sale and purchase agreement . Consideration payable by the purchaser to the vendor is HK$3.75 billion . Sale and purchase agreement in respect of the disposal of Shine Fame and the assignment of debt .  Full Article

New World Development Co Ltd recommends final dividend
Wednesday, 23 Sep 2015 02:29pm EDT 

New World Development Co Ltd:Board recommend a final dividend for the year ended 30 June 2015 of HK$0.30 per share.  Full Article

New World Development Co Ltd declares interim dividend
Thursday, 26 Feb 2015 11:16pm EST 

New World Development Co Ltd:Declared an interim dividend of HK$0.12 per share for financial year ending June 30, 2015, to shareholders registered on March 26.Interim dividend will be payable in cash but shareholders will be given the option of electing to receive interim dividend in form of new shares in lieu of cash in respect of part or all of such dividend.Says that a circular containing details of scrip dividend scheme will be despatched to shareholders together with the form of election for scrip dividend on or about April 14.Expected that dividend warrants and certificates for scrip shares will be posted to shareholders on or before May 22.  Full Article

New World Development Co Ltd and NWS Holdings Ltd announces acquisition of interest in a company engaged in commercial aircraft leasing
Friday, 30 Jan 2015 04:52am EST 

New World Development Co Ltd and NWS Holdings Ltd:Says Natal Global (an indirect subsidiary of NWS), Zion Sky, Investec and Goshawk entered into the share purchase agreement.Says pursuant to which Natal Global agreed to purchase the sale shares and the Notes from Zion Sky at a total cash consideration of about $222.5 mln (equivalent to about HK$1,724.4 mln).Says Goshawk is a company which is engaged in Commercial Aircraft leasing.Says completion is expected to take place on or about Feb. 02 and NWS will own 40 pct equity interest in Goshawk.Says pursuant to the share purchase agreement, Natal Global, Zion Sky, Investec, GAL Partnership and Goshawk shall enter into the shareholders’ agreement on the completion date to regulate their rights and obligations in the operation and management of the business and affairs of Goshawk.Says upon completion, the entire issued share capital of Goshawk will be owned as to 40 pct by Zion Sky, 40 pct by Natal Global, 13.09 pct by Investec and 6.91 pct by GAL Partnership.Zion Sky is wholly-owned by CTFE and CTFE holds about 43.35 pct of the total issued share capital of NWD and about 2.58 pct of the total issued share capital of NWS.NWD holds about 61.31 pct of the total issued share capital of NWS.  Full Article

New World Development Co Ltd's Ballina Enterprises Ltd acquires 40 pct. interest in Sunbig Limited
Tuesday, 27 Jan 2015 04:20am EST 

New World Development Co Ltd:Says that on Jan. 27, 2015, Ballina Enterprises Ltd, wholly owned subsidiary of the company, entered into agreement with Cheung Hung Development (Holdings) Ltd.Pursuant the agreement Cheung Hung Development (Holdings) Ltd conditionally agreed to sell and assign, and Ballina Enterprises Ltd conditionally agreed to purchase and accept assignment of, sale shares and sale loan at consideration, which will be satisfied by way of cash on completion.As at the date of this announcement, 50 pct. of issued share capital of Sunbig is held by Ballina Enterprises Ltd.Upon completion, Ballina Enterprises Ltd will hold 90 pct. of issued share capital of Sunbig and Sunbig will become an indirect non wholly owned subsidiary of the company.  Full Article

BRIEF-New World Development Co says unit enters goshawk spa

* Each of Natal Global and Zion Sky agreed to purchase 50% of all preference shares held by Investec